PalmSource forecasts Q3 breakeven
PrintBig loss on rising revenue in Q2, though
Posted in Mobile, 2nd January 2004 16:51 GMT
Free webcast: Service level monitoring and management
Palm OS owner PalmSource yesterday reported revenues of $16.8 million for Q2 2004, its first fiscal quarter as company in its own right.
That figure marks a 13 per cent increase over the same period last year, at which point PalmSource was operating as an independent business within Palm, now renamed PalmOne following last October's split with PalmSource.
However, the gain wasn't enough to turn the company around. Quite the reverse: it lost $9.1 million (89 cents a share) during the quarter, which ended on 28 November, compared to an $8.3 million loss this time last year.
PalmSource's margins stand at 94 per cent, up from 81 per cent last year. During Q2, license and royalty revenues increased by 14 per cent to $15.5 million.
Looking ahead, PalmSource said it expects revenues to grow during Q3 to reach between $20 million and $22 million. It also expects its loss to shrink - we'd hope so, given those margins - to $2 million and possibly even to zero. ®
Enterprise PBX buyer's guide
Enabling The Agile Data Center
Comparison Guide: IP Phones
Analyst Keynote: The Register Agile Data Center Summit
SMB phone systems product requirements worksheet
Dirty, dirty PCs: The X-rated picture guide
Top 500 supers - rise of the Linux quad-cores
Early adopters bloodied by Ubuntu's Karmic Koala
Sign up, sign up for The Register IT security newsletter